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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Serge Collins who wrote (6098)	2/24/1999 8:16:00 PM
From: mick	Respond to of 24892

The World Has Been Awash in Oil If they couldn't see the writing on the wall, then there are some very intellectually challenged people in the oil patch. You just had to look at things last winter to find out that the biggest problem wasn't finding oil, but where to store it. Everyone and there dog should have known this was going down. That is why I dumped Ranger Oil (thank god)last winter. Everyone was counting on gas, and in the 10 year plus association I had with the oil patch, every year was the year that the gas bubble was going to break and prices were going to sky rocket. REL was the only opportunity. I got in a $ 2.5 expecting that whoever was going to buy would cough up a fair price. Frankly, I think REL should work out a plan with creditors instead of taking this terrible deal. Unfortunately, the stupid, stupid, people that seem to work as directors and management gave a way everything (12 M$ for a break down in the deal is unheard of for the size of this takeover). I was hoping some smart Yankee's would come and take this over, but frankly, I liked to be kissed before they screw me. Cheers